The selloff on Tuesday was widespread across the major indices, with the Dow declining 0.53%, the S&P 500 pulling back 1.17%, and the Nasdaq posting a steeper 2.04% drop. Several high-profile tech stocks came under pronounced pressure: Palantir fell 7.9% on valuation questions, Nvidia retreated 4%, and Tesla slid 5.2% ahead of its upcoming shareholder vote. 

The discussion now taking shape across investment desks is centered on whether the S&P 500’s forward P/E ratio above 23 suggests limited room for upside in the near term, especially after recent cautionary assessments from Goldman Sachs and Morgan Stanley highlighted the risk of a corrective phase in technology-led benchmarks. 

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